BIST 100 index gained value in the first half of the day

The BIST 100 index on Borsa Istanbul recorded an increase of 1.61 percent in the first half of the day, reaching 14,706.57 points, with a total trade volume of 121.1 billion liras.

First Half Developments in the Markets

Showing an upward trend in the first half of the day, the BIST 100 index increased by 233.15 points compared to the previous close, reaching 14,706.57 points as of 13.00.

Sectoral Changes and Trade Volume

While the total trade volume amounted to 121.1 billion liras, the banking index gained 3.70 percent and the holding index lost 0.10 percent in value.

Rise in Banking Shares

Following Halkbank's statement that its access to international resources has strengthened, the bank's shares reached the ceiling price, making the sector index the highest gainer.

Impact of Global Markets

Expectations that the Strait of Hormuz could reopen caused oil prices to pull back, and optimism towards technology stocks reflected positively on the markets.

Analysts' Technical and Data Expectations

Analysts stated that the heavy data agenda in the US will be monitored, and determined 14,800 and 14,900 points as resistance, and 14,600 and 14,500 points as support for the index.